Sherwin-Williams Company Short Interest Up 119.7% in July (SHW)
Sherwin-Williams Company (NYSE:SHW) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 3,456,577 shares, a growth of 119.7% from the July 15th total of 1,573,562 shares, AnalystRatings.Net reports. Currently, 3.6% of the company’s stock are sold short. Based on an average daily trading volume, of 707,822 shares, the short-interest ratio is presently 4.9 days.
A number of research firms have recently commented on SHW. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Wednesday, July 23rd. They now have a $219.00 price target on the stock, up previously from $211.00. Separately, analysts at Susquehanna raised their price target on shares of Sherwin-Williams Company from $232.00 to $240.00 in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Monday, July 21st. They now have a $223.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $216.18.
Shares of Sherwin-Williams Company (NYSE:SHW) opened at 214.13 on Tuesday. Sherwin-Williams Company has a 1-year low of $166.32 and a 1-year high of $215.62. The stock has a 50-day moving average of $208.4 and a 200-day moving average of $200.. The company has a market cap of $20.685 billion and a price-to-earnings ratio of 27.47.
Sherwin-Williams Company (NYSE:SHW) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.93 by $0.01. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that Sherwin-Williams Company will post $8.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, August 13th.
The Sherwin-Williams Company (NYSE:SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.
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